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The extra mortgage burden from the central bank on Thursday hiking the interest rate should be bearable and might help deter developers from increasing prices, brokers said yesterday. The 0.25 percentage point rate hike would lift the mortgage interest rate to 1.65 percent from 1.4 percent, adding NT$1,200 (US$42.31) of interest expense a month for people with NT$10 million of mortgage on a 20-year payment scheme, said Tseng Ching-der (增進德), research manager at Sinyi Realty Inc (信義房屋), the nation’s only listed broker. “The extra burden is about the cost of a bowl of braised p...

Everyone made it to safety but not before Scooter Brown said he "aged five years in five days" in a Polish hotel room.

Major real-estate brokers last month saw housing transactions decline by double-digit percentages from January as the week-long Lunar New Year holiday and bad weather dampened buying interest. Evertrust Rehouse Co (永慶房屋) reported a 24 percent slump in sales last month, when persistent rain kept people at home, and the Lunar New Year and 228 Memorial Day holidays cut working days, deputy research manager Chen Chin-ping (陳金萍) said. The fall also had to do with a spate of unfavorable policy measures to cool the property fever, Chen said. Property buyers are having more difficulty se...

The high number of construction permits and building use licenses issued by the government last year reflects not only a robust property market, but also an abundant supply, which could translate into selling pressure in a correction period, analysts said. Construction permits across the nation increased 6.5 percent to 169,651, the highest in 26 years, while building use licenses rose by 6,600 to a 12-year high of 104,000, data released on Wednesday by the Ministry of the Interior showed. Construction permits reflect confidence on the supply side, Great Home Realty Co (大家房屋) head resea...

Housing prices picked up nationwide last year, supported by an economic boom, excessive liquidity and low interest rates, but the population is shrinking, which is unfavorable for the property market in the long run, analysts said yesterday. Taiwan’s population stood at 23,375,314 last year, contracting 1 percent, or 228,000, after mortality rates officially overtook birthrates in 2020. The populations in the special municipalities of Taipei, New Taipei City, Taichung, Tainan and Kaohsiung declined by a combined total of 181,194, H&B Realty Co (住商不動產) said, citing Ministry of I...